The United States has reportedly pulled out of talks aimed at overhauling the global tax system for digital giants. France's finance ministry has confirmed to FRANCE 24 that it's received a letter describing an "impasse" on the so-called GAFA tax. The withdrawal risks reigniting a transatlantic trade spat. Also in the show, the European Commission launches an investigation into the proposed merger of carmakers PSA and Fiat Chrysler.

Peugeot and Fiat Chrysler have said the plan will result in €3.7 billion in savings, allowing them to work on creating more sustainable vehicles. The new company will be a 50-50 merger of the two.

Auto giants Fiat Chrysler and France's PSA group are planning a merger that would see the company become the world's fourth-largest carmaker. An official communique also revealed where the new outfit would be based.

Fiat Chrysler confirms merger talks with Peugeot owner

Renault SA Chairman Jean-Dominique Senard promised to improve relations with partner Nissan Motor Co., telling shareholders that broken trust between the companies is reparable and leaving the door open to a future tie up with Fiat Chrysler Automobiles NV.

Renault SA’s alliance with Nissan Motor Co., already stressed by the Carlos Ghosn affair and a failed merger proposal by Fiat Chrysler Automobiles NV, lurched toward a new crisis after developments over the weekend highlighted the deep divide between the two-decade partners. Dave McCombs reports on "Bloomberg Daybreak: Middle East."

Fiat Chrysler has confirmed it’s abandoning a proposed merger with Renault. The French carmaker wrapped up a late-night board meeting with again, no decision, and that prompted Fiat to walk away.

A new book details the 2018 crisis when Fiat Chrysler lost its “indispensable” chief executive. Bloomberg's Tommaso Ebhardt talks to Carol Massar on "Bloomberg Businessweek" about the last days of Sergio Marchionne.

PSA Group and Fiat Chrysler are reportedly exploring a partnership to build cars in Europe. Bloomberg has learned the companies are holding preliminary discussions to collaborate on the development of a super platform which is the basic underpinning of any vehicle. The joint venture would be seen as an attempt to reduce costs in a highly competitive region.

Fiat Chrysler Automobiles NV is reportedly going ahead with plans to spin off its car-parts unit after receiving interest for potential buyers.

Dan Akerson, former chairman and chief executive officer at General Motors, discusses the Jeep brand and outlook for Fiat Chrysler.